The Bulls announced via press release that they have exercised their fourth-year option on Doug McDermott and the third-year options for Jerian Grant and Bobby Portis. McDermott will earn $3,294,994 in 2017/18, Portis will be on the books for $1,516,320 and Grant will earn $1,713,840 as a result of their options being picked up by Chicago.

McDermott appeared in 81 games last season after appearing in only 36 contests during his rookie season. The forward out of Creighton owns career averages of 7.5 points and 2.0 rebounds while shooting 44.5% from the field overall, 41% from beyond the three-point line and 82.8% from the charity stripe. McDermott was selected with the No. 11 overall in the 2014 NBA Draft and came to the Bulls in a draft-night deal with the Nuggets.

Grant was the No. 19 overall pick in the 2015 Draft by the Knicks, who acquired the selection in a trade with the Hawks. In his rookie year, Grant played in 76 games and posted averages of 5.6 points, 1.9 rebounds and 2.3 assists in 16.6 minutes per game. His 78% free-throw percentage ranked sixth among all rookies.

Portis appeared in 62 games during the 2015/16 season. In his rookie year, he became the first Bull to record 20 points and 10 rebounds in one of his first five career games since 1999. He averaged 7.0 points, 5.4 rebounds and 0.8 assists in 17.8 minutes per game while shooting 42.7% from the field, 30.8% from behind the arc and 72.7% from the free-throw line.